Oberoi Realty Limited has informed the Exchange about execution of Development Agreement in respect of lands situated at Peddar Road, Mumbai
OBEROIRLTY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oberoi Realty has signed a development agreement with two adjacent housing societies located on M.L. Dahanukar Marg and Dr. G. Deskhmukh Marg, Peddar Road, Mumbai for the redevelopment of around 4,800 square meters of land (subject to set-back areas). The company's share of saleable area from the project is estimated at up to 1.40 lakh square feet (RERA carpet area), subject to applicable development control regulations. The disclosure was made under SEBI LODR Regulation 30. No financial consideration or deal value has been disclosed in this filing.
Adds a new mid-sized redevelopment project to Oberoi Realty's pipeline in a premium South Mumbai micro-market, supporting future revenue and inventory. The scale is modest relative to the company's overall portfolio, so the immediate stock impact is likely neutral to mildly positive.